The Federal Reserve’s Historic Announcement

Mark it down. At 2:15 p.m. on Tuesday, August 10, 2010, the U.S. Federal Reserve made a historic announcement. It signaled that the central bank was going to “preserve the size of its balance sheet.” The announcement didn’t sound all that dramatic, but don’t be fooled. In the two subsequent days, the stock market fell over 300 points, and the price of gold rose $20.

State Comptroller Report Criticizes Municipal Tax Abatement Program

TRENTON — New Jersey’s municipal tax abatement program is pulling critical funding away from school districts and leaving taxpayers to pick up the costs, according to a report released today by the Office of the State Comptroller.

NJ Unemployment Climbs To 9.7%

TRENTON- Employment in New Jersey fell in July and the state’s unemployment rate edged up to 9.7 percent. The loss was mainly due to a decline in public sector payrolls at the federal and local government levels.

College & Career Readiness Growing Among ACT-Tested U.S. High School Graduates

IOWA CITY, Iowa—ACT-tested U.S. high school graduates appear to be making slow but steady progress at becoming ready for college and career, according to ACT’s annual Condition of College and Career Readiness report for 2010, released today.